SpotOption Terminates its FX and CFDs Business

[kreslik.news]

Finance Magnates has learned that SpotOption is ceasing its FX and contracts for differences (CFDs) business lines. The move comes just six months after the trading software provider shut down its binary options business. The white label solution will not be available after August.

SpotOption used to provide trading platforms for 50 percent of all binary options trading platforms. In October of last year, however, theIsraeli government passed legislation banning binary options sales outside of the country.

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The legislation, which went live in January, was enacted ... (read more)